LendingCrowd and ICAS sign strategic partnership for business lending
Edinburgh-based LendingCrowd and the Institute of Chartered Accountants of Scotland (ICAS) have today signed a strategic partnership that will see LendingCrowd become ICAS’s preferred partner in its business loans category.
LendingCrowd is the only fintech lending platform headquartered in Scotland and this exclusive three-year deal will take the company’s Small and Medium-sized enterprise (SME) proposition to the accountancy market.
The agreement means that ICAS will provide LendingCrowd with a platform to communicate to their network of member accountants about the alternatives to traditional bank lending and the many advantages it offers.
LendingCrowd, in turn, will offer a special discount on client fees to ICAS members, which will help to support even more borrowers.
The partnership will last for an initial period of three years, until 2022.
Stuart Lunn, LendingCrowd founder and CEO, said: “We are delighted to announce this strategic partnership with ICAS, which brings real opportunities for us all. It is a fantastic platform for us to showcase the benefits of alternatives to traditional bank lending, and for ICAS members to then utilise these benefits.
“It marks another important step forward in LendingCrowd’s growth story, five years after we launched. We look forward to working closely with ICAS and making this partnership a real success story.”
Bruce Cartwright, chartered accountant and ICAS chief executive, said: “We are pleased to have entered into a strategic partnership with LendingCrowd and secured a new, exclusive benefit for our members. Through our partnership, ICAS members’ clients can now claim 25% off LendingCrowd business loan fees. We look forward to working with LendingCrowd over the coming years.”